Paul Appleton, Coventry City FC Ltd's joint administrator, issued a statement only last Tuesday saying that a Company Voluntary Arrangement (CVA) is not yet set up.
They have been in administration since March, and are in a long-running rent row with the Ricoh Arena's operators.
The Sky Blues, therefore, recently agreed a groundshare at Northampton's Sixfields Stadium for three seasons.
But in a statement, the club said it hoped to finalise the deal to build a new ground "within eight weeks".
They have not given the exact location of where they are hoping to build their new ground and say they have entered talks on a second site.
Last weekend, thousands of people took part in a march in support of the League One club playing their home games in Coventry, having been based at the Ricoh Arena since 2005 and at Highfield Road for 106 years before that.
However, they have been in legal disputes with Arena Coventry Ltd, which runs the Ricoh Arena on behalf of its owners, Coventry City Council and the Alan Edward Higgs charity.
Coventry City chief executive Tim Fisher said: "We completely understand the pain the groundshare is going to cause our supporters but we have a clear path to return to the Coventry area.
Meanwhile next Tuesday's meeting will take place just four days before the troubled club kick off the new League One season with a trip to Crawley.
And the threat remains that the Sky Blues, deducted 10 points for going into administration last season, could still suffer a similar punishment.
City went into administration in March and remain so, despite being taken over last month by London-based Otium Entertainment Group, who have strong links to previous owners Sisu.